UPDATE: Reliance Steel (RS) Tops Q1 EPS by 35c, Revenues Miss; Will Not Provide 2Q Guidance Due to COVID-19 Pandemic

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Go back to UPDATE: Reliance Steel (RS) Tops Q1 EPS by 35c, Revenues Miss; Will Not Provide 2Q Guidance Due to COVID-19 Pandemic

Reliance Steel & Aluminum Co. Reports First Quarter 2020 Financial Results

April 23, 2020 6:50 AM EDT

Strong gross profit margin of 30.3%; non-GAAP gross profit margin of 31.9%EPS of $0.92, non-GAAP EPS of $2.45Includes pretax impairment and restructuring charge of $137.5 million, or $1.53 per diluted shareGenerated cash flow from operations of $170.8 million, an increase of 45.7% year-over-yearRepurchased $300.0 million of Reliance common stockMaintains quarterly dividend of $0.625 per share

LOS ANGELES, April 23, 2020 (GLOBE NEWSWIRE) -- Reliance Steel & Aluminum Co. (NYSE: RS) today reported its financial results for the first quarter ended March 31, 2020 (in millions, except tons which are in thousands and per share amounts).

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